Bank Nifty Analysis for 28/02/2025
Market Expectation:
• Expecting a gap-up opening tomorrow.
• Key levels identified for both long and short trades based on price action.
Key Levels for Bank Nifty:
1. Resistance Levels:
• 48,900
• 49,050
2. Support Levels:
• 48,650
• 48,560
Trading Plan:
1. Bullish Scenario:
• Condition: If Bank Nifty opens gap-up and sustains above 48,650, plan a call option trade targeting 48,900.
2. Bearish Scenario:
• Condition 1: If Bank Nifty reaches 48,900 and faces resistance, plan a short trade targeting 48,650.
• Condition 2: If Bank Nifty opens gap-down, plan a put trade targeting 48,650 and 48,560.
Additional Notes:
• All levels are based on the spot chart.
• Plot them on your chart for clear visualization and precise execution.
Trade wisely, and follow price action confirmation at key levels!
